European investor Delin Capital Asset Management is moving into the UK logistics property development scene.
DCAM, which has partnered Lidl on its European expansion, says it is recruiting a UK development team and will commit to several development plots in the spring.
The news comes as DCAM signs Lidl to a 645,800 sq ft unit at its Roosendaal development, southern Netherlands (pictured). This build-to-suit project is one of the larger being undertaken this year in North West Europe. The developer says it demonstrates the ongoing demand for prime, high-quality logistics assets in the Netherlands, driven primarily by the opportunities presented by the continuing growth of e-commerce.
DCAM has already committed to 1.6 million sq ft of new logistics development projects across the Benelux region during 2017. Current tenants include GE, G-star and a number of other prominent pan-European retailers.
Ekaterina Avdonina, Managing Director of DCAM, commented: “Our ambition is to become a leading player in this space and we are confident that with our existing pipeline and UK and German expansion plans, we are well placed to achieve this.
“In the UK we are in the process of securing a development team and are looking to commit to several land plots next quarter.
"Germany is on the radar for Q3/Q4, with the same focus.”